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Bitcoin.com News|Feb 15, 2025 02:32
El Salvador’s Bitcoin law just got… complicated 🇸🇻🤯
Bitcoin is still legal tender, but not a "currency." You can use it, but no one has to take it. It’s tax-free, but you can’t pay taxes with it. The government recognizes it but won’t facilitate transactions. Chivo wallet? Might be fading out.
Samson Mow calls it a clever move—meeting IMF rules while keeping Bitcoin in play. Some say it weakens the country’s Bitcoin edge, others see it as a strategic evolution.
As bitcoin adoption spreads from Bhutan to Dubai, is El Salvador quietly setting the stage for the next phase of global bitcoin integration? 🚀
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